Searches And Hires
The retirement fund is conducting the search due to underperformance from its incumbent domestic large-cap value equity manager.
The retirement plan terminated a global macro hedge fund manager in the first quarter.
The retirement system committed to the next fund in a series after its last commitment to the manager in 2022.
The plan hired its current investment consultant following its last search for the services in 2021.
The pension plan has been with its current consultant for over 10 years.
The utilities board has worked with the incumbent provider since 2019.
The plan made four private equity commitments with existing managers this week.
The city expects to award a contract in October.
The plan will soon begin an international equity search to potentially replace its underperforming incumbent.
The plan will commit an additional $60 million to private markets this year.
